Lender review
Ameris Bank Equipment Finance Business Loans, Reviewed
A bank owned equipment and small business lender with same day funding available for loans under $250,000.
Lender review
A bank owned equipment and small business lender with same day funding available for loans under $250,000.
Ameris Bank Equipment Finance, the rebranded Balboa Capital division of Georgia based Ameris Bank since its 2021 acquisition, has delivered more than $8 billion in funding since 1988. Its application only process for loans under $250,000 moves fast, with same day funding possible, but its 620 credit score, $300,000 annual revenue, and one year in business requirements are a step above the most accessible funders on this network, and its SBA products ask for even more.
Ameris Bank Equipment Finance funds equipment financing up to $500,000, small business loans from $20,000 to $250,000, and SBA 7(a) and 504 loans from $400,000 to $5 million, all backed by a division of Ameris Bank.
What makes Ameris Bank Equipment Finance distinct is the application only process on smaller requests. Loans and equipment financing under roughly $250,000 to $350,000 skip the full financial package that larger commercial loans require, which is how a bank owned lender manages same day funding on some products.
Prequalify in minutes without affecting your credit score.
Exact rates and loan amounts vary by product and by applicant; see the product breakdown below for details on each one.
Ameris Bank Equipment Finance splits its lineup between fast, application only financing and larger, fully underwritten commercial loans.
| Small business loan | $20,000 to $250,000 with 3 to 24 month terms, application only approval, and same day funding available. Repayable daily or weekly via automated ACH. |
| Equipment financing | Up to $500,000 for hard collateral like vehicles and machinery, or up to $350,000 for soft collateral like technology and software, with terms of 24 to 60 months. |
| SBA 7(a) and 504 loans | $400,000 to $5 million for major expansion, real estate, or long term capital investment, priced at SBA capped rates for qualifying businesses. |
| Middle market equipment financing | $50,000 to $10 million and beyond for companies with $10 million or more in annual revenue, funding larger capital equipment purchases. |
Rate, term, and amount figures are set per applicant during underwriting.
Ameris Bank Equipment Finance’s bar is set higher than the most accessible funders on this network, reflecting its status as a bank owned lender.
Small business loans and standard equipment financing generally require a FICO score of 620 or higher. SBA loans require approximately 680 or higher.
Ameris Bank Equipment Finance generally requires at least 1 year in business, verified alongside your credit profile and revenue.
Small business loans generally require $300,000 or more in annual revenue, or roughly $25,000 a month, verified as part of the application.
Requests under roughly $250,000 use an application only process. Larger requests need two years of tax returns, audited or reviewed financial statements, and current interim financials.
The application is online and takes just a few minutes for loans under the application only threshold, with an account manager reaching out after approval.
Complete the application only process for smaller requests, or submit your full financial package for larger loans.
Your application is reviewed by the credit team during regular business hours, generally within one hour for smaller requests.
Once approved, an account manager contacts you to finalize terms, with same day funding available for loans under $250,000.
The application only process for loans under $250,000 keeps the timeline fast relative to a typical bank loan.
As a division of Ameris Bank, this lender carries regulatory backing that most alternative funders lack.
Operating since 1988 as Balboa Capital before its 2021 rebrand, it has delivered over $8 billion in funding.
You can pay off your loan early at any time without an added fee.
SBA loans up to $5 million and middle market equipment financing up to $10 million or more support businesses as they scale.
A 620 credit score, $300,000 annual revenue, and one year in business rule out newer or smaller businesses that other funders on this network would still consider.
SBA 7(a) and 504 loans generally require a credit score around 680, a meaningfully higher bar than the standard small business loan.
Once you cross roughly $250,000, the process shifts to a full financial package with two years of tax returns and financial statements.
Yes. Ameris Bank Equipment Finance is a division of Ameris Bank and funds its small business loans, equipment financing, and SBA loans directly.
Small business loans and standard equipment financing generally require a FICO score of 620 or higher. SBA loans require approximately 680 or higher.
Same day funding is available for small business loans and equipment financing under roughly $250,000 through its application only process.
Ameris Bank Equipment Finance offers small business loans up to $250,000, equipment financing up to $500,000, SBA 7(a) and 504 loans up to $5 million, and middle market equipment financing up to $10 million or more.
Ameris Bank Equipment Finance generally requires at least 1 year in business, $300,000 or more in annual revenue, and a credit score of 620 or higher for its standard products.
Not for smaller requests. Loans under roughly $250,000 use an application only process. Requests above that generally require two years of tax returns and financial statements.
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